Nigeria’s oil production in April 2023 dropped below the one million barrels per day (bpd) mark, reaching 998,602 bpd, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This represents a significant decline of 21.26 percent compared to the previous … Continue reading Nigeria’s oil production dips below one million barrels per day, lowest in seven months
Senator Osita Izunaso insists on his aspiration to lead the Senate of the 10th National Assembly, despite the consensus meeting that declared Godswill Akpabio as the All Progressives Congress’ (APC) candidate for Senate President. Izunaso, a former chairman of the … Continue reading Senator Osita Izunaso asserts aspiration for senate president, calls for new zoning arrangement
The Federal Government of Nigeria has emphasized the necessity for the private sector to invest approximately $3.5 billion each year in order to achieve the goal of increasing electricity generation capacity to 30,000 megawatts (MW) within the next seven years. … Continue reading Nigeria seeks $24.5 billion investment to achieve 30,000MW electricity capacity
Nigeria’s Under 17 national team, the Golden Eaglets, has been knocked out of the ongoing Under 17 African Cup of Nations (AFCON) in Algeria. The team suffered a 1-2 defeat against Burkina Faso in the quarter-finals held at the Nelson … Continue reading Nigeria eliminated from AFCON U-17 tournament, miss out on world cup spot
According to recent findings, while many Nigerians struggle with hardship and inflation, President Muhammadu Buhari, Vice President Yemi Osinbajo, state governors, and their deputies may have received a total of N651.2m ($1.6m) as hardship allowance over the past eight years. … Continue reading Nigerian leaders receive N651 million hardship allowance
The Nigerian Correctional Service (NCoS) has revealed that out of the total 75,436 inmates in custody across the country, a staggering 52,446 are awaiting trial, causing severe strain on the correctional facilities. Gimba Dumbulwa, an assistant controller general of the … Continue reading Overstretched custodial facilities: NCoS reports 52,446 inmates awaiting trial
Nigerian Exchange Limited (NGX) experienced a downturn, ending its four-day gains, as market capitalization took a hit of N216 billion due to selloffs in BUA Cement and 19 other stocks. The All-Share Index also recorded a decline of 0.75 percent, … Continue reading Investors suffer N216 billion loss as BUA Cement and 19 stocks experience selloff
Youth and Sports Development Minister, Sunday Dare, expressed satisfaction with his performance after serving for four years in office. Dare, who took office in 2019, is set to leave his position this month as President Muhammadu Buhari’s regime comes to … Continue reading I am proud of my achievements in uplifting Nigeria’s sports sector – Sunday Dare
The National Emergency Management Agency (NEMA) has revealed that it recently welcomed a new group of 148 stranded Nigerians who returned from Niamey, Niger Republic. The Coordinator of NEMA’s Kano Territorial Office, Nuradeen Abdullahi, confirmed their arrival as he received … Continue reading NEMA welcomes 148 stranded Nigerians repatriated from Niger Republic
Bola Tinubu, the President-elect of Nigeria, has embarked on a working visit to Europe. This journey comes just two weeks after his return from a trip to London, Saudi Arabia, and Paris, signifying his active engagement on the international stage. … Continue reading Tinubu departs Nigeria prior to presidential inauguration
Buildings within the Nigerian Air Force Base located along Airport Road in the Federal Capital Territory were engulfed in flames on Wednesday morning, causing panic in the area. The military base, situated next to the Nigerian Correctional Service National Headquarters, … Continue reading Fire engulfs Nigerian air force base in Abuja, prompting emergency response
Despite claims by the Minister of Power, Abubakar Aliyu, that Nigeria has the cheapest electricity, recent findings reveal that over 100 countries offer more affordable electricity rates than Nigeria. This is in stark contrast to the near-zero improvement in power … Continue reading Nigeria’s electricity affordability plummets as tariffs soar 168% in eight years
Central Bank of Nigeria (CBN) has given foreign banks permission to grant loans to Nigerians and companies operating in Nigeria in dollars. This move by the CBN is aimed at expanding dollar liquidity in Nigeria through foreign bank representatives by … Continue reading CBN allows foreign banks to provide dollar loans to Nigerians
Nigerians living in Mortara City in Italy have protested against the Italian police’s alleged attempt to bury an empty casket in place of a Nigerian student who was reportedly stabbed to death by an Italian citizen. According to a video … Continue reading Nigerians protest in Italy over police attempt to bury empty casket for Nigerian student stabbed by Italian
The Nigeria Immigration Service (NIS) has arrested a female suspected human trafficker who allegedly attempted to take two underage girls out of the country. The arrest took place at the Alimosho Passport Front Office in Lagos state. The suspect, who … Continue reading NIS thwarts attempt to traffic underage girls out of Nigeria
Eric Adams, the Mayor of New York City, is set to visit Nigeria on Sunday as part of his Africa tour, according to the Nigerian Consul-General in New York, Amb. Lot Egopija. During his two-day visit, Adams will attend a … Continue reading New York city mayor, Eric Adams, to embark on two day visit to Nigeria starting sunday
Unilever Nigeria Plc shareholders have agreed to pay N1.44 billion as a dividend for the Financial Year 2022 at the company’s 98th Annual General Meeting held in Lagos. The company recorded a turnover of N88.5 billion in the financial year, … Continue reading Unilever Nigeria shareholders approve N1.44bn dividend for FY 2022 at 98th AGM
The Central Bank of Nigeria (CBN) has announced that it will be issuing guidelines to promote safe and efficient use of contactless payments in the country, as part of its efforts to modernize and drive the cashless payment policy in … Continue reading CBN to issue guidelines for safe and efficient contactless payments in Nigeria
The Nigerians in Diaspora Commission (NiDCOM) recently reported that 1,471 Nigerians who were stranded in Sudan have returned home safely. The returnees arrived in seven batches with the first batch transported by a military jet, while the others were airlifted … Continue reading Sudan crisis forces Nigerian evacuees to sleep on the floor as bullets kill people on beds
Businesses in Nigeria are increasingly turning to the debt capital market as they struggle with rising interest rates, devaluation and inflation. Six firms, including ABC Transport, Ardova and Dangote Cement, have raised a total of NGN364.1bn ($884m) through the market … Continue reading Rising interest rates in Nigeria push businesses towards unconventional debt options
The Minister of Power in Nigeria, Abubakar Aliyu, has claimed that Nigeria has the cheapest cost of electricity in the world. During an interactive session with the Senate committee on power and heads of various agencies in the power sector, … Continue reading Nigeria’s Minister of Power claims the country has the world’s cheapest electricity
The Director General of Nigeria’s National Emergency Management Agency, Mustapha Ahmed, has stated that around 800 students will be evacuated from Aswan the following day. The Nigerian government has been evacuating its citizens from Sudan due to hostilities between the … Continue reading Nigeria to airlift 800 students from Sudan on Sunday
The Coalition of United Political Parties (CUPP) has urged the 10th National Assembly to give utmost importance to the principles of national unity, equity, and competency when selecting the next set of principal officers. The organization has advised that every … Continue reading CUPP warns 10th NASS members elect against leading Nigeria into crises
Ike Ekweremadu, a Nigerian politician, his wife, and a doctor have been sentenced for conspiring to traffic a market trader to the UK for organ trafficking. Ekweremadu, along with his wife and medical middleman, Dr. Obinna Obeta, were found guilty … Continue reading Former Nigerian Deputy Senate President and wife sentenced to prison for organ trafficking in the UK
Senator Magnus Abe, the Social Democratic Party (SDP) governorship candidate in the last general election, has alleged that Bola Tinubu, the President-elect, was stoned at the Rivers State airport in 2015 by the same individuals who attended a dinner party … Continue reading Tinubu was stoned at Rivers airport in 2015 by the same people praising him now – Magnus Abe
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